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4 Interesting Trends That Are Taking Over The Real Estate Business

This article is written by Brian Malika, a Contributor Author at Startup Turkey.

The business
world is changing at a very fast pace to the point of some entrepreneurs being
left behind on new developments affecting their fields of interest.

It is already reported that the active life
span for any successful business today does not exceed more than 5 years after
which the market becomes volatile .

Even the real
estate business which is as old as humans started seeking shelter is changing
with new developments today.

Real estate
industry has been the same for many years to the point that if you mastered the
art of doing business in this field sometime back then chances are that you
would have remained a relevant source of expertise for a very long time.

But today, the
consumer demands and new technologies are not giving real estate stakeholders
the favors of recycling information over time.
If you are well informed about the real estate industry today doesn’t
guarantee that your knowledge of real estate will be relevant in tomorrow’s
market if you don’t keep up with the trending tabs on a continuous basis.

Four notable emerging trends in the Real Estate industry are :

Watch out for foreigners

With the
concept of globalization taking over, people have been facilitated to further
their business prospects outside their communities and borders due to favoring
Global policies being adopted by countries.
As such, there is an emerging trend of people looking for lucrative
business deals in other countries that are viewed to be more affordable and
welcoming to do business.

Therefore, if
your an investor that is passionate about real estate development and feel that
your local community is not an ideal for you to flourish then you need not lose
hope but rather do your research on outside communities that have the potential
for real estate development and where you can be well accommodated. Then go
ahead and give it a try once you have all the calculations intact.

Additionally,
entrepreneurs that think that the real estate development is a preserve for the
super rich might have been left behind on the development of new trends within
the real estate sphere. Actually, with the globalization aspect taking over,
there is a growing demand for accurate and updated local information regarding
the real estate opportunities by the incoming foreigners who want to invest in
real estate projects across the globe.
And you as an entrepreneur, you can scoop this opportunity by deciding
to start blogs and other social media information platforms that could quench
the thirst for local real estate knowledge among the global class of real
estate developers.

Construction policies are not being left unturned

Well, if you’re
careful you might have heard one or two policy changes facing the real estate
industry that are being issued by the Ministry Of Housing in your various
countries. Among the familiar policy
changes affecting the housing sector on a global scale is the importance of
erecting emergency exit doors in case of a fire or an attack, the need to
repaint and repair every building after a some time and most importantly there
is an insistence for buildings to meet the threshold of sustainable development
whereby electricity is conserved, water is easily accessible and the
environment is protected within the real estate development purview.

Therefore if
you’re in the real estate business whether new or have been there for some
time, it would be wise to have a look at the policies affecting the venture
from time to time so as to avoid fines or even the possibility of having your
complete real estate projects being demolished.

Real Estate Business is continuously opening up to everyone

As you all
know, the real estate venture has been a preserve for a select set of careers
for a very long time. Am talking of plumbers, masons, electricians, planners,
engineers, and the interested investors.

However, things are changing and we are having
new careers within the real estate development sphere like bloggers, content
marketers, financial advisors, marketers and even software applications
engineers coming into the scene of real estate development.

As we head into
the future, we are bound to experience even further career entries within the
real estate sphere based on the changes that will occur around consumer
behavior and the discovery of new technologies.

Therefore, all
real estate investors must be flexible to accommodate new emerging careers
within this field even if it is on a trial basis.

The Digital revolution is sweeping clean the operational of the real estate business

Can you imagine
we have places where houses have been bought already using the digital
currencies? Yes, in China alone, more than one hundred thousand houses have
already been transacted using the digital currencies and this mode of trade is
being emulated even in Japan.

Additionally,
we are seeing entrepreneurs coming up with software applications that make it
easier for houses to be designed, estates to be planned and tenants data to be
organized using the digital platform network.

To stay at par
with the digital revolution that is promising to take over every sphere of
professional engagement, the real estate investors have to be flexible and seek
ways to partner with start-ups that offer digital solutions for the better of
the real estate operations.

The Secret To Survive Is To Be Water

You know when
you put water in a cup, the water will take the shape of that cup. If you put
the same water in a basin, jug, bath tube or any other vessel the same water
will still embrace the new shape of its ‘host’.

In the same tune, real estate investors and entrepreneurs must nurture the ability to embrace the changes that are taking shape in the real estate world. Be it police changes, digital changes or any other; Real estate stakeholders must be flexible in order to be relevant in the coming days.